BUSINESS LOAN AGREEMENT (ASSET BASED)Business Loan Agreement • May 14th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated May 6, 2014, is made and executed between Electromed, Inc. (“Borrower”) and Venture Bank (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
RIDER TO BUSINESS LOAN AGREEMENT (ASSET BASED) AND RELATED DOCUMENTSBusiness Loan Agreement • May 14th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus
This Rider to Business Loan Agreement (Asset Based) (“Rider”) is attached to and made a part of that certain Business Loan Agreement (Asset Based) dated May 6, 2014 (“Business Loan Agreement”) between Electromed, Inc. (“Borrower”) and Venture Bank (“Lender”). In the event of any inconsistency between this Rider and the Business Loan Agreement or any of the Related Documents, as defined therein, the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any of the Related Documents:
BUSINESS LOAN AGREEMENTBusiness Loan Agreement • May 14th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
THIS BUSINESS LOAN AGREEMENT dated May 6, 2014, is made and executed between Electromed, Inc. (“Borrower”) and Venture Bank (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • May 14th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
References in the boxes above are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. Any item above containing “***”has been omitted due to text length limitations.
RIDER TO BUSINESS LOAN AGREEMENT AND RELATED DOCUMENTSBusiness Loan Agreement and Related Documents • May 14th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus
This Rider to Business Loan Agreement (“Rider”) is attached to and made a part of that certain Business Loan Agreement dated May 6, 2014 (“Business Loan Agreement”) between Electromed, Inc. (“Borrower”) and Venture Bank (“Lender”). In the event of any inconsistency between this Rider and the Business Loan Agreement or any of the Related Documents, as defined therein, the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any of the Related Documents:
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • May 14th, 2014 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota
References in the boxes above are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. Any item above containing “***” has been omitted due to text length limitations.
